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CEO North America > Business > LVMH stock dips following sales growth slowdown

LVMH stock dips following sales growth slowdown

in Business, News
LVMH stock dips following sales growth slowdown
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Luxury conglomerate Moët Hennessy Louis Vuitton’s shares fell on Wednesday following news of the company’s slowing sales growth.

LVMH shares dipped 8% after the company released its earnings report late Tuesday evening.

According to LVMH executives, the conglomerate’s numbers are now falling back toward pre-pandemic averages.

“After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average,” said LVMH CFO Jean-Jacques Guiony.

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